CPE News Brief (9.14.2023) – Databricks, Inc. has raised over US $500 million, valuing the company at US $43 billion and establishes the price per share at US $73.50.
The Series I was led by T. Rowe Price, joined by new investors Capital One Ventures, Ontario Teachers’ Pension Plan, NVIDIA and existing investors, including Andreessen Horowitz, Baillie Gifford, ClearBridge Investments, funds and accounts managed by Counterpoint Global (Morgan Stanley), Fidelity Management & Research Company, Franklin Templeton, GIC, Octahedron Capital and Tiger Global.
Databricks is a data and AI company. With origins in academia and the open source community, Databricks was founded in May 2013 by the original creators of Apache Spark™, Delta Lake and MLflow. As the world’s first and only lakehouse platform in the cloud, Databricks combines the best of data warehouses and data lakes to offer an open and unified platform for data and AI.
Headquartered in San Francisco, with offices around the world and hundreds of global partners, including Microsoft, Amazon, Tableau, Informatica, Capgemini and Booz Allen Hamilton, Databricks is on a mission to simplify and democratize data and AI, helping data teams solve the world’s toughest problems
photo credit: Databricks, Inc.